Brendan Harper, technical services manager at Friends Provident International, explains how UK pension policy is changing and examines the options available to expatriates who want to make the most of their savings
The 'Pensions Simplification' proposals will be introduced on the 6 April 2006, known as A-Day. Some of the proposals will affect the ability for non-UK residents and their employers to make contributions to UK pension schemes, which will differ from the rules in force currently. The current restrictions on the ability for non-residents to contribute to UK pensions mean that many cannot maintain contributions when they go abroad. After April 2006, and assuming the proposed changes are implemented, anyone will be able to make contributions to a UK pension scheme, regardless of where or for ...
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